Axos Financial (AX) Financials

$91.56 -0.69 (-0.74%)

As of 12:16 PM Eastern

Annual Income Statements for Axos Financial

This table shows Axos Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Income / (Loss) Attributable to Common Shareholders	82	119	134	152	155	183	216	241	307	450
Consolidated Net Income / (Loss)	83	119	135	152	155	183	216	241	307	450
Net Income / (Loss) Continuing Operations	83	119	135	152	155	183	216	241	307	450
Total Pre-Tax Income	141	205	233	240	213	263	306	340	432	635
Total Revenue	230	327	381	439	491	581	644	721	904	1,184
Net Interest Income / (Expense)	199	261	313	368	409	478	539	607	783	961
Total Interest Income	244	318	387	475	565	623	618	660	1,157	1,656
Loans and Leases Interest Income	220	291	359	447	525	583	584	627	1,049	1,500
Investment Securities Interest Income	24	27	28	28	40	40	33	33	108	156
Total Interest Expense	45	57	74	107	156	145	79	53	374	694
Deposits Interest Expense	35	43	56	80	117	127	61	34	339	671
Long-Term Debt Interest Expense	-	-	0.00	0.00	0.75	0.68	1.50	1.12	3.67	2.21
Federal Funds Purchased and Securities Sold Interest Expense	8.91	11	12	23	33	12	4.67	4.63	13	3.09
Other Interest Expense	1.78	2.85	5.16	3.88	5.62	5.65	12	13	18	18
Total Non-Interest Income	31	66	68	71	83	103	105	113	120	223
Other Service Charges	27	50	61	65	77	96	105	84	92	99
Net Realized & Unrealized Capital Gains on Investments	3.78	16	7.19	5.56	6.05	6.87	-	0.00	0.00	92
Investment Banking Income	-	-	-	-	-	0.00	0.00	29	28	31
Provision for Credit Losses	11	9.70	11	26	27	42	24	24	24	33
Total Non-Interest Expense	77	113	138	174	251	276	315	357	448	516
Salaries and Employee Benefits	44	67	82	101	127	144	153	167	204	251
Net Occupancy & Equipment Expense	9.72	15	19	23	33	43	54	64	76	86
Marketing Expense	6.06	6.87	9.37	16	15	15	14	14	37	43
Other Operating Expenses	15	20	21	25	60	50	69	87	107	109
Depreciation Expense	3.27	4.80	6.09	8.57	16	24	24	25	23	27
Income Tax Expense	58	86	98	87	58	79	90	99	125	185
Basic Earnings per Share	$1.35	$1.87	$2.11	$2.41	$2.50	$3.01	$3.64	$4.04	$5.15	$7.82
Weighted Average Basic Shares Outstanding	59.94M	62.91M	63.36M	63.06M	61.24M	59.51M	59.36M	59.97M	59.98M	56.89M
Diluted Earnings per Share	$1.34	$1.87	$2.10	$2.37	$2.48	$2.98	$3.56	$3.97	$5.07	$7.66
Weighted Average Diluted Shares Outstanding	59.94M	62.91M	63.36M	63.06M	61.24M	59.51M	59.36M	59.97M	59.98M	56.89M
Weighted Average Basic & Diluted Shares Outstanding	59.94M	62.91M	63.36M	63.06M	61.24M	59.51M	59.36M	59.97M	59.98M	56.89M

This table shows Axos Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	58	82	80	87	83	152	111	105	112	105	105
Consolidated Net Income / (Loss)	58	82	80	87	83	152	111	105	112	105	105
Net Income / (Loss) Continuing Operations	58	82	80	87	83	152	111	105	112	105	105
Total Pre-Tax Income	83	117	115	117	118	217	156	144	159	150	148
Total Revenue	208	228	231	236	246	353	295	291	321	308	309
Net Interest Income / (Expense)	180	200	199	204	211	229	262	260	292	280	275
Total Interest Income	224	280	307	346	364	395	444	453	484	456	433
Loans and Leases Interest Income	208	256	280	305	327	358	405	409	438	411	395
Investment Securities Interest Income	15	24	27	41	37	37	38	44	46	45	38
Total Interest Expense	43	80	108	143	153	166	182	193	192	176	157
Deposits Interest Expense	33	71	98	137	146	160	177	188	187	171	153
Long-Term Debt Interest Expense	0.94	1.07	1.31	0.36	0.45	1.01	0.38	0.38	0.54	0.48	0.33
Federal Funds Purchased and Securities Sold Interest Expense	5.16	2.50	4.45	0.52	0.53	0.53	0.74	1.29	0.53	0.51	0.31
Other Interest Expense	4.70	4.76	4.15	4.61	5.71	4.34	4.11	4.15	3.88	4.12	3.93
Total Non-Interest Income	27	28	32	33	35	124	33	31	29	28	33
Other Service Charges	20	21	25	25	26	24	25	23	21	20	25
Net Realized & Unrealized Capital Gains on Investments	-	0.00	0.00	-	-	92	0.00	-	-	0.00	0.00
Investment Banking Income	6.96	6.98	6.88	7.50	8.22	7.36	8.11	7.65	7.95	7.98	8.12
Provision for Credit Losses	8.75	3.00	5.50	7.00	7.00	14	6.00	6.00	14	12	15
Total Non-Interest Expense	116	108	111	112	121	122	133	141	147	145	146
Salaries and Employee Benefits	47	50	53	55	56	59	67	69	74	74	75
Net Occupancy & Equipment Expense	18	18	20	20	20	22	22	21	23	24	26
Marketing Expense	6.37	11	12	8.10	10	9.79	10	12	14	11	11
Other Operating Expenses	39	23	21	24	29	24	26	31	28	30	27
Depreciation Expense	6.09	5.96	5.67	5.67	5.88	6.49	7.22	7.50	7.45	7.03	6.85
Income Tax Expense	24	36	35	30	36	66	45	40	47	46	43
Basic Earnings per Share	$0.98	$1.36	$1.33	$1.48	$1.40	$2.65	$1.94	$1.83	$1.97	$1.83	$1.84
Weighted Average Basic Shares Outstanding	60.00M	60.00M	59.11M	59.98M	57.73M	56.90M	56.97M	56.89M	57.09M	57.10M	56.37M
Diluted Earnings per Share	$0.97	$1.35	$1.32	$1.43	$1.38	$2.62	$1.91	$1.75	$1.93	$1.80	$1.81
Weighted Average Diluted Shares Outstanding	60.00M	60.00M	59.11M	59.98M	57.73M	56.90M	56.97M	56.89M	57.09M	57.10M	56.37M
Weighted Average Basic & Diluted Shares Outstanding	60.00M	60.00M	59.11M	59.98M	57.73M	56.90M	56.97M	56.89M	57.09M	57.10M	56.37M

This table details how cash moves in and out of Axos Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Net Change in Cash & Equivalents	67	264	157	-21	235	1,093	-913	537	807	-196
Net Cash From Operating Activities	116	167	198	168	204	284	413	217	197	305
Net Cash From Continuing Operating Activities	116	167	198	168	204	284	413	217	197	305
Net Income / (Loss) Continuing Operations	83	119	135	152	155	183	216	241	307	450
Consolidated Net Income / (Loss)	83	119	135	152	155	183	216	241	307	450
Provision For Loan Losses	11	9.70	11	26	43	42	24	24	24	33
Depreciation Expense	3.27	4.80	6.09	8.57	16	24	24	25	23	27
Amortization Expense	-5.54	-4.25	-7.42	-30	-30	-24	4.75	3.93	-1.62	-58
Non-Cash Adjustments to Reconcile Net Income	38	43	49	30	16	4.66	40	26	-12	-24
Changes in Operating Assets and Liabilities, net	-14	-5.45	4.66	-19	4.13	54	104	-103	-144	-122
Net Cash From Investing Activities	-1,374	-1,538	-789	-1,026	-932	-1,348	-867	-2,783	-2,399	-2,589
Net Cash From Continuing Investing Activities	-1,374	-1,538	-789	-1,026	-932	-1,348	-867	-2,783	-2,399	-2,589
Purchase of Investment Securities	-108	-500	-709	-146	-442	-545	-277	-3,084	-2,587	-2,741
Sale and/or Maturity of Investments	1,977	2,545	3,989	5,086	6,282	5,771	5,171	301	188	152
Net Cash From Financing Activities	1,325	1,634	747	837	962	2,157	-459	3,103	3,010	2,087
Net Cash From Continuing Financing Activities	1,325	1,634	747	837	962	2,157	-459	3,103	3,010	2,087
Net Change in Deposits	1,410	1,592	855	1,086	998	2,354	-521	3,131	3,177	2,236
Issuance of Debt	734	60	0.00	-173	7.40	-9.05	175	39	0.00	0.00
Repayment of Debt	-901	-35	-102	-30	23	-140	-80	-52	-112	-36
Repurchase of Common Equity	-	0.00	0.00	-35	-56	-39	-17	0.00	-49	-96
Other Financing Activities, Net	6.31	-3.46	-6.10	-9.95	-9.92	-7.46	-11	-14	-6.14	-16
Cash Interest Paid	46	56	74	106	153	145	78	50	368	699
Cash Income Taxes Paid	68	89	102	80	64	80	93	100	131	201

This table details how cash moves in and out of Axos Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	123	254	552	-122	32	-650	582	-160	618	-130	-416
Net Cash From Operating Activities	71	106	-58	77	34	119	115	44	71	163	74
Net Cash From Continuing Operating Activities	71	106	-58	77	34	119	115	44	71	163	74
Net Income / (Loss) Continuing Operations	58	82	80	87	83	152	111	105	112	105	105
Consolidated Net Income / (Loss)	58	82	80	87	83	152	111	105	112	105	105
Provision For Loan Losses	8.75	3.00	5.50	7.00	7.00	14	6.00	6.00	14	12	15
Depreciation Expense	6.09	5.96	5.67	5.67	5.88	6.49	7.22	7.50	7.45	7.03	6.85
Amortization Expense	0.71	-0.18	-1.15	-0.99	-3.10	-8.91	-26	-20	-37	-21	-24
Non-Cash Adjustments to Reconcile Net Income	-4.34	23	-13	-18	20	-72	-30	59	14	-14	9.24
Changes in Operating Assets and Liabilities, net	1.20	-7.50	-134	-3.40	-78	28	47	-114	-40	74	-38
Net Cash From Investing Activities	-1,150	-261	-397	-591	-506	-1,236	-419	-434	-46	-269	-678
Net Cash From Continuing Investing Activities	-1,150	-261	-397	-591	-506	-1,236	-419	-434	-46	-269	-678
Purchase of Investment Securities	-68	-27	-70	-2,422	-509	-1,244	-8.44	-1,865	-97	-509	-704
Sale and/or Maturity of Investments	1,404	1,779	1,409	-4,404	2.23	8.65	2,330	-6,609	52	240	27
Net Cash From Financing Activities	1,203	409	1,006	392	504	467	887	230	593	-24	188
Net Cash From Continuing Financing Activities	1,203	409	1,006	392	504	467	887	230	593	-24	188
Net Change in Deposits	1,230	514	1,048	384	443	638	900	256	614	-38	202
Issuance of Debt	-20	-92	-	112	86	-107	-6.00	27	0.00	45	19
Repurchase of Common Equity	0.00	-	-32	-17	-18	-64	-0.60	-13	0.00	-	-26
Other Financing Activities, Net	-2.89	-0.04	-0.66	-2.56	-6.08	-0.17	-2.13	-7.81	-9.48	-0.29	-6.33
Cash Interest Paid	42	79	106	140	152	171	179	197	192	175	157
Cash Income Taxes Paid	37	36	35	23	53	32	60	57	40	49	52

This table presents Axos Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Total Assets	5,824	7,599	8,502	9,540	11,220	13,852	14,266	17,401	20,348	22,855
Cash and Due from Banks	223	487	628	623	511	1,756	716	1,203	2,233	1,980
Restricted Cash	-	-	-	0.00	346	194	322	372	149	206
Trading Account Securities	397	472	273	180	372	410	808	603	367	209
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	5,032	6,409	7,400	8,470	9,420	97	42	16	24	16
Intangible Assets	-	-	0.00	68	135	125	116	156	152	142
Other Assets	164	217	169	199	436	11,269	12,261	15,051	17,423	20,302
Total Liabilities & Shareholders' Equity	5,824	7,599	8,502	9,540	11,220	13,852	14,266	17,401	20,348	22,855
Total Liabilities	5,290	6,916	7,667	8,579	10,147	12,621	12,865	15,758	18,431	20,565
Non-Interest Bearing Deposits	309	589	849	1,015	1,442	1,937	2,474	5,034	2,898	2,976
Interest Bearing Deposits	4,143	5,455	6,051	6,970	7,541	9,400	8,341	8,912	14,225	16,384
Short-Term Debt	35	35	20	0.00	239	348	535	512	445	301
Long-Term Debt	758	783	694	512	826	734	1,304	1,037	612	490
Other Long-Term Liabilities	44	52	52	82	100	203	210	263	251	415
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	534	684	834	961	1,073	1,231	1,401	1,643	1,917	2,291
Total Preferred & Common Equity	534	684	834	961	1,073	1,231	1,401	1,643	1,917	2,291
Total Common Equity	528	684	834	961	1,073	1,231	1,401	1,643	1,917	2,291
Common Stock	297	332	347	367	391	413	433	454	481	511
Retained Earnings	266	385	519	671	826	1,009	1,188	1,428	1,736	2,186
Treasury Stock	-25	-31	-37	-82	-149	-195	-223	-237	-292	-403
Accumulated Other Comprehensive Income / (Loss)	-9.40	-7.30	0.49	-0.61	0.02	-0.94	2.51	-2.93	-6.61	-2.47

This table presents Axos Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	18,407	18,741	19,782	20,825	21,624	22,642	23,569	23,709	23,981
Cash and Due from Banks	1,369	1,756	2,324	2,162	1,569	2,130	2,571	2,438	2,001
Restricted Cash	329	197	180	252	195	216	233	235	256
Trading Account Securities	345	307	367	97	385	314	223	213	172
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	20	4.75	8.22	8.01	13	16	15	25	16
Intangible Assets	160	158	155	150	147	144	139	138	136
Other Assets	16,183	16,319	16,748	18,157	19,314	19,822	20,389	20,660	21,400
Total Liabilities & Shareholders' Equity	18,407	18,741	19,782	20,825	21,624	22,642	23,569	23,709	23,981
Total Liabilities	16,706	16,953	17,938	18,849	19,546	20,446	21,163	21,187	21,377
Non-Interest Bearing Deposits	4,627	3,442	3,173	2,875	2,834	2,759	3,056	2,990	2,970
Interest Bearing Deposits	10,550	12,248	13,566	14,690	15,370	16,345	16,918	16,945	17,167
Short-Term Debt	501	421	406	342	369	387	316	310	314
Long-Term Debt	745	590	539	654	587	540	499	554	549
Other Long-Term Liabilities	284	252	254	287	386	415	375	389	378
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,701	1,788	1,844	1,976	2,078	2,196	2,406	2,522	2,604
Total Preferred & Common Equity	1,701	1,788	1,844	1,976	2,078	2,196	2,406	2,522	2,604
Total Common Equity	1,701	1,788	1,844	1,976	2,078	2,196	2,406	2,522	2,604
Common Stock	460	466	474	487	494	503	522	530	541
Retained Earnings	1,487	1,568	1,648	1,818	1,970	2,081	2,298	2,403	2,508
Treasury Stock	-240	-240	-272	-323	-382	-385	-413	-413	-446
Accumulated Other Comprehensive Income / (Loss)	-5.77	-6.95	-5.57	-6.39	-3.92	-3.06	-0.77	3.01	1.11

This table displays calculated financial ratios and metrics derived from Axos Financial's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	43.86%	42.61%	16.50%	15.23%	11.82%	18.16%	10.92%	11.88%	25.41%	31.04%
EBITDA Growth	60.86%	48.24%	12.62%	-5.57%	-8.89%	31.94%	27.41%	10.12%	23.07%	33.25%
EBIT Growth	49.42%	45.46%	13.57%	3.01%	-11.22%	23.41%	16.42%	11.19%	27.00%	47.19%
NOPAT Growth	47.76%	44.28%	12.95%	13.11%	1.78%	18.25%	17.59%	11.59%	27.60%	46.50%
Net Income Growth	47.76%	44.28%	12.95%	13.11%	1.78%	18.25%	17.59%	11.59%	27.60%	46.50%
EPS Growth	39.58%	39.55%	12.30%	12.86%	4.64%	20.16%	19.46%	11.52%	27.71%	51.08%
Operating Cash Flow Growth	444.59%	43.76%	18.93%	-15.41%	21.74%	38.99%	45.22%	-47.50%	-9.19%	55.30%
Free Cash Flow Firm Growth	128.87%	-164.00%	257.52%	161.37%	-322.76%	101.60%	-8,798.59%	140.62%	81.46%	-34.69%
Invested Capital Growth	-0.32%	13.19%	3.14%	-4.95%	45.20%	8.20%	40.11%	-1.49%	-6.82%	3.61%
Revenue Q/Q Growth	9.73%	6.71%	1.57%	2.80%	4.16%	4.00%	1.98%	4.96%	5.11%	4.82%
EBITDA Q/Q Growth	13.71%	5.12%	0.76%	-0.48%	4.19%	6.62%	1.38%	1.93%	8.74%	1.66%
EBIT Q/Q Growth	11.67%	4.79%	2.01%	-2.21%	2.34%	5.04%	2.49%	1.91%	8.90%	4.50%
NOPAT Q/Q Growth	11.29%	4.68%	2.14%	3.09%	2.32%	2.61%	4.33%	1.54%	10.61%	4.05%
Net Income Q/Q Growth	11.29%	4.68%	2.14%	3.09%	2.32%	2.61%	4.33%	1.54%	10.61%	4.05%
EPS Q/Q Growth	2,133.33%	112.50%	2.44%	2.60%	2.90%	3.11%	4.09%	2.06%	10.22%	4.36%
Operating Cash Flow Q/Q Growth	172.83%	34.38%	-15.57%	15.41%	16.05%	-5.22%	10.06%	27.92%	-26.16%	-9.93%
Free Cash Flow Firm Q/Q Growth	277.83%	84.94%	175.29%	320.94%	-953.15%	107.95%	-85.01%	-91.12%	120.89%	249.77%
Invested Capital Q/Q Growth	18.54%	-6.29%	-16.32%	-24.28%	-0.32%	-4.67%	7.38%	0.00%	6.64%	-1.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	60.38%	62.76%	60.67%	49.72%	40.51%	45.23%	51.96%	51.14%	50.19%	51.03%
EBIT Margin	61.37%	62.59%	61.02%	54.55%	43.31%	45.23%	47.48%	47.18%	47.78%	53.67%
Profit (Net Income) Margin	36.02%	36.44%	35.33%	34.68%	31.57%	31.59%	33.49%	33.41%	33.99%	38.00%
Tax Burden Percent	58.70%	58.22%	57.90%	63.58%	72.90%	69.85%	70.55%	70.81%	71.15%	70.81%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	41.30%	41.78%	42.10%	36.42%	27.10%	30.15%	29.45%	29.19%	28.85%	29.19%
Return on Invested Capital (ROIC)	6.22%	8.44%	8.83%	10.09%	8.60%	8.24%	7.77%	7.49%	9.96%	14.86%
ROIC Less NNEP Spread (ROIC-NNEP)	6.22%	8.44%	8.83%	10.09%	8.60%	8.24%	7.77%	7.49%	9.96%	14.86%
Return on Net Nonoperating Assets (RNNOA)	12.06%	11.17%	8.92%	6.89%	6.66%	7.68%	8.62%	8.33%	7.29%	6.53%
Return on Equity (ROE)	18.29%	19.60%	17.75%	16.98%	15.26%	15.92%	16.39%	15.82%	17.26%	21.39%
Cash Return on Invested Capital (CROIC)	6.54%	-3.93%	5.75%	15.17%	-28.27%	0.37%	-25.64%	8.99%	17.02%	11.32%
Operating Return on Assets (OROA)	2.75%	3.05%	2.89%	2.66%	2.05%	2.10%	2.17%	2.15%	2.29%	2.94%
Return on Assets (ROA)	1.62%	1.78%	1.67%	1.69%	1.49%	1.46%	1.53%	1.52%	1.63%	2.08%
Return on Common Equity (ROCE)	18.08%	19.52%	17.75%	16.98%	15.26%	15.92%	16.39%	15.82%	17.26%	21.39%
Return on Equity Simple (ROE_SIMPLE)	15.50%	17.45%	16.15%	15.87%	14.46%	14.90%	15.40%	14.65%	16.02%	19.65%
Net Operating Profit after Tax (NOPAT)	83	119	135	152	155	183	216	241	307	450
NOPAT Margin	36.02%	36.44%	35.33%	34.68%	31.57%	31.59%	33.49%	33.41%	33.99%	38.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.97%	26.95%	28.88%	31.85%	35.59%	34.72%	34.30%	33.99%	35.15%	32.07%
Operating Expenses to Revenue	33.75%	34.45%	36.08%	39.58%	51.12%	47.50%	48.84%	49.52%	49.54%	43.59%
Earnings before Interest and Taxes (EBIT)	141	205	233	240	213	263	306	340	432	635
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	139	205	231	218	199	263	335	368	454	604
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.07	1.63	1.80	2.66	1.56	1.07	1.96	1.30	1.22	1.42
Price to Tangible Book Value (P/TBV)	3.07	1.63	1.80	2.87	1.78	1.19	2.14	1.44	1.32	1.52
Price to Revenue (P/Rev)	7.07	3.41	3.94	5.82	3.40	2.27	4.27	2.97	2.58	2.75
Price to Earnings (P/E)	19.70	9.39	11.19	16.82	10.79	7.19	12.75	8.89	7.59	7.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.08%	10.65%	8.94%	5.94%	9.27%	13.90%	7.84%	11.25%	13.18%	13.82%
Enterprise Value to Invested Capital (EV/IC)	1.66	0.96	1.02	1.66	0.88	0.19	1.10	0.66	0.34	0.60
Enterprise Value to Revenue (EV/Rev)	9.58	4.42	4.13	5.57	3.82	0.77	5.51	2.93	1.11	1.57
Enterprise Value to EBITDA (EV/EBITDA)	15.86	7.05	6.81	11.20	9.43	1.71	10.61	5.73	2.22	3.08
Enterprise Value to EBIT (EV/EBIT)	15.61	7.07	6.77	10.21	8.82	1.71	11.61	6.22	2.33	2.93
Enterprise Value to NOPAT (EV/NOPAT)	26.59	12.14	11.69	16.06	12.10	2.45	16.46	8.78	3.28	4.14
Enterprise Value to Operating Cash Flow (EV/OCF)	18.93	8.68	7.93	14.58	9.18	1.58	8.60	9.75	5.12	6.09
Enterprise Value to Free Cash Flow (EV/FCFF)	25.29	0.00	17.97	10.69	0.00	54.81	0.00	7.31	1.92	5.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.49	1.20	0.86	0.53	0.99	0.88	1.31	0.94	0.55	0.35
Long-Term Debt to Equity	1.42	1.15	0.83	0.53	0.77	0.60	0.93	0.63	0.32	0.21
Financial Leverage	1.94	1.32	1.01	0.68	0.78	0.93	1.11	1.11	0.73	0.44
Leverage Ratio	11.31	11.03	10.61	10.05	10.21	10.88	10.68	10.40	10.60	10.27
Compound Leverage Factor	11.31	11.03	10.61	10.05	10.21	10.88	10.68	10.40	10.60	10.27
Debt to Total Capital	59.78%	54.48%	46.13%	34.75%	49.80%	46.78%	56.76%	48.52%	35.54%	25.67%
Short-Term Debt to Total Capital	2.64%	2.33%	1.29%	0.00%	11.16%	15.03%	16.52%	16.03%	14.98%	9.77%
Long-Term Debt to Total Capital	57.15%	52.15%	44.84%	34.75%	38.63%	31.75%	40.24%	32.49%	20.56%	15.90%
Preferred Equity to Total Capital	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.83%	45.52%	53.87%	65.25%	50.20%	53.22%	43.24%	51.48%	64.46%	74.33%
Debt to EBITDA	5.72	3.98	3.09	2.34	5.35	4.12	5.50	4.20	2.33	1.31
Net Debt to EBITDA	4.11	1.61	0.31	-0.51	1.04	-3.31	2.40	-0.07	-2.92	-2.31
Long-Term Debt to EBITDA	5.47	3.81	3.00	2.34	4.15	2.80	3.90	2.81	1.35	0.81
Debt to NOPAT	9.59	6.86	5.30	3.36	6.86	5.90	8.53	6.43	3.44	1.76
Net Debt to NOPAT	6.90	2.78	0.53	-0.73	1.33	-4.74	3.72	-0.11	-4.31	-3.10
Long-Term Debt to NOPAT	9.17	6.56	5.15	3.36	5.32	4.00	6.04	4.31	1.99	1.09
Noncontrolling Interest Sharing Ratio	1.12%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	87	-56	88	229	-510	8.18	-712	289	525	343
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	1.91	-0.98	1.18	2.15	-3.26	0.06	-9.00	5.50	1.40	0.49
Operating Cash Flow to Interest Expense	2.56	2.94	2.68	1.58	1.31	1.96	5.21	4.12	0.53	0.44
Operating Cash Flow Less CapEx to Interest Expense	2.56	2.94	2.68	1.58	1.31	1.96	5.21	4.12	0.53	0.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Fixed Asset Turnover	30.09	29.04	24.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,327	1,502	1,549	1,472	2,137	2,313	3,240	3,192	2,974	3,082
Invested Capital Turnover	0.17	0.23	0.25	0.29	0.27	0.26	0.23	0.22	0.29	0.39
Increase / (Decrease) in Invested Capital	-4.25	175	47	-77	665	175	928	-48	-218	107
Enterprise Value (EV)	2,198	1,448	1,575	2,448	1,877	449	3,550	2,113	1,006	1,861
Market Capitalization	1,623	1,117	1,504	2,559	1,670	1,317	2,748	2,139	2,331	3,256
Book Value per Share	$34.42	$10.84	$13.16	$15.36	$17.51	$20.63	$23.65	$27.54	$32.43	$40.21
Tangible Book Value per Share	$34.42	$10.84	$13.16	$14.27	$15.31	$18.53	$21.69	$24.92	$29.86	$37.72
Total Capital	1,327	1,502	1,549	1,472	2,137	2,313	3,240	3,192	2,974	3,082
Total Debt	793	818	714	512	1,064	1,082	1,839	1,549	1,057	791
Total Long-Term Debt	758	783	694	512	826	734	1,304	1,037	612	490
Net Debt	570	331	71	-111	207	-869	801	-26	-1,325	-1,395
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	793	818	714	512	1,064	1,082	1,839	1,549	1,057	791
Total Depreciation and Amortization (D&A)	-2.27	0.55	-1.32	-21	-14	-0.01	29	29	22	-31
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.39	$1.85	$2.07	$2.41	$2.50	$3.01	$3.64	$4.04	$5.15	$7.82
Adjusted Weighted Average Basic Shares Outstanding	15.64M	63.27M	63.61M	62.78M	61.24M	59.51M	59.36M	59.97M	59.98M	56.89M
Adjusted Diluted Earnings per Share	$5.37	$1.85	$2.07	$2.37	$2.48	$2.98	$3.56	$3.97	$5.07	$7.66
Adjusted Weighted Average Diluted Shares Outstanding	15.64M	63.27M	63.61M	62.78M	61.24M	59.51M	59.36M	59.97M	59.98M	56.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.64M	63.27M	63.61M	62.78M	61.24M	59.51M	59.36M	59.97M	59.98M	56.89M
Normalized Net Operating Profit after Tax (NOPAT)	83	119	135	152	155	183	216	241	307	450
Normalized NOPAT Margin	36.02%	36.44%	35.33%	34.68%	31.57%	31.59%	33.49%	33.41%	33.99%	38.00%
Pre Tax Income Margin	61.37%	62.59%	61.02%	54.55%	43.31%	45.23%	47.48%	47.18%	47.78%	53.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.10	3.61	3.14	2.25	1.36	1.81	3.86	6.47	1.15	0.92
NOPAT to Interest Expense	1.82	2.10	1.82	1.43	0.99	1.26	2.73	4.58	0.82	0.65
EBIT Less CapEx to Interest Expense	3.10	3.61	3.14	2.25	1.36	1.81	3.86	6.47	1.15	0.92
NOPAT Less CapEx to Interest Expense	1.82	2.10	1.82	1.43	0.99	1.26	2.73	4.58	0.82	0.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.37%	0.26%	0.23%	0.20%	0.15%	0.21%	0.05%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.37%	0.26%	0.23%	23.29%	36.53%	21.39%	7.82%	0.00%	15.94%	21.40%

This table displays calculated financial ratios and metrics derived from Axos Financial's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.81%	29.42%	29.68%	22.83%	18.29%	54.55%	27.48%	23.03%	30.53%	-12.71%	4.77%
EBITDA Growth	-1.36%	29.94%	26.23%	43.85%	34.90%	74.79%	14.81%	8.10%	6.91%	-36.74%	-4.63%
EBIT Growth	-2.43%	35.76%	31.83%	43.18%	42.62%	85.47%	35.63%	23.41%	34.73%	-30.85%	-4.80%
NOPAT Growth	-2.99%	34.16%	29.16%	50.88%	41.50%	86.10%	38.66%	20.05%	35.93%	-31.02%	-4.98%
Net Income Growth	-2.99%	34.16%	29.16%	50.88%	41.50%	86.10%	38.66%	20.05%	35.93%	-31.02%	-4.98%
EPS Growth	-2.02%	35.00%	29.41%	48.96%	42.27%	94.07%	44.70%	22.38%	39.86%	-31.30%	-5.24%
Operating Cash Flow Growth	154.83%	87.50%	-140.73%	-47.36%	-51.73%	11.57%	298.20%	-43.50%	107.06%	37.08%	-36.36%
Free Cash Flow Firm Growth	151.58%	-197.49%	-187.99%	186.72%	-74.40%	96.93%	91.74%	-100.81%	-338.98%	-196.59%	-6.33%
Invested Capital Growth	-5.29%	0.00%	0.00%	-6.82%	0.87%	8.40%	11.99%	3.61%	8.37%	11.60%	10.99%
Revenue Q/Q Growth	7.88%	9.90%	1.31%	2.26%	3.89%	43.59%	-16.43%	-1.30%	10.22%	-3.98%	0.31%
EBITDA Q/Q Growth	5.98%	37.19%	-3.08%	2.08%	-0.61%	77.77%	-36.34%	-3.89%	-1.71%	5.19%	-4.03%
EBIT Q/Q Growth	1.38%	41.48%	-2.16%	2.02%	0.99%	83.99%	-28.45%	-7.17%	10.25%	-5.57%	-1.50%
NOPAT Q/Q Growth	0.88%	39.63%	-2.09%	9.40%	-5.39%	83.64%	-27.05%	-5.28%	7.12%	-6.81%	0.50%
Net Income Q/Q Growth	0.88%	39.63%	-2.09%	9.40%	-5.39%	83.64%	-27.05%	-5.28%	7.12%	-6.81%	0.50%
EPS Q/Q Growth	1.04%	39.18%	-2.22%	8.33%	-3.50%	89.86%	-27.10%	-8.38%	10.29%	-6.74%	0.56%
Operating Cash Flow Q/Q Growth	-51.87%	50.03%	-154.42%	233.94%	-55.86%	246.76%	1.23%	-61.81%	61.74%	129.57%	-54.66%
Free Cash Flow Firm Q/Q Growth	109.78%	-1,318.05%	0.29%	111.25%	-81.27%	-245.91%	-168.59%	98.90%	-5,447.68%	-81.08%	3.71%
Invested Capital Q/Q Growth	-7.68%	-5.03%	-0.34%	6.64%	-0.07%	2.07%	2.97%	-1.35%	4.53%	5.10%	2.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	43.17%	53.89%	51.55%	51.46%	49.23%	60.95%	46.43%	45.21%	40.32%	44.17%	42.26%
EBIT Margin	39.89%	51.35%	49.60%	49.48%	48.10%	61.63%	52.77%	49.63%	49.65%	48.82%	47.95%
Profit (Net Income) Margin	28.12%	35.73%	34.53%	36.94%	33.64%	43.03%	37.56%	36.05%	35.03%	34.00%	34.07%
Tax Burden Percent	70.50%	69.58%	69.63%	74.66%	69.95%	69.81%	71.18%	72.63%	70.57%	69.64%	71.05%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	29.50%	30.42%	30.37%	25.34%	30.05%	30.19%	28.82%	27.37%	29.43%	30.36%	28.95%
Return on Invested Capital (ROIC)	7.01%	20.60%	21.29%	10.83%	10.70%	15.73%	14.35%	14.10%	14.24%	12.86%	12.70%
ROIC Less NNEP Spread (ROIC-NNEP)	7.01%	20.60%	21.29%	10.83%	10.70%	15.73%	14.35%	14.10%	14.24%	12.86%	12.70%
Return on Net Nonoperating Assets (RNNOA)	5.91%	11.65%	10.91%	7.93%	6.53%	8.00%	6.65%	6.19%	5.89%	5.09%	4.74%
Return on Equity (ROE)	12.92%	32.25%	32.20%	18.75%	17.23%	23.73%	21.00%	20.29%	20.13%	17.95%	17.43%
Cash Return on Invested Capital (CROIC)	13.32%	-181.44%	-180.09%	17.02%	10.33%	5.71%	3.31%	11.32%	7.46%	2.52%	2.55%
Operating Return on Assets (OROA)	1.75%	2.21%	2.16%	2.37%	2.31%	3.26%	2.81%	2.72%	2.82%	2.62%	2.53%
Return on Assets (ROA)	1.23%	1.54%	1.50%	1.77%	1.61%	2.27%	2.00%	1.98%	1.99%	1.82%	1.79%
Return on Common Equity (ROCE)	12.92%	32.25%	32.20%	18.75%	17.23%	23.73%	21.00%	20.29%	20.13%	17.95%	17.43%
Return on Equity Simple (ROE_SIMPLE)	14.05%	14.53%	15.06%	0.00%	16.77%	19.33%	19.69%	0.00%	19.94%	17.15%	16.40%
Net Operating Profit after Tax (NOPAT)	58	82	80	87	83	152	111	105	112	105	105
NOPAT Margin	28.12%	35.73%	34.53%	36.94%	33.64%	43.03%	37.56%	36.05%	35.03%	34.00%	34.07%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	34.40%	34.58%	36.55%	34.99%	35.05%	25.80%	33.99%	35.21%	34.88%	35.29%	36.44%
Operating Expenses to Revenue	55.90%	47.33%	48.02%	47.56%	49.05%	34.54%	45.20%	48.31%	45.99%	47.20%	47.36%
Earnings before Interest and Taxes (EBIT)	83	117	115	117	118	217	156	144	159	150	148
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	123	119	122	121	215	137	132	129	136	131
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.21	1.28	1.20	1.22	1.15	1.52	1.40	1.42	1.49	1.58	1.41
Price to Tangible Book Value (P/TBV)	1.33	1.41	1.31	1.32	1.24	1.63	1.50	1.52	1.58	1.67	1.49
Price to Revenue (P/Rev)	2.72	2.84	2.58	2.58	2.41	2.96	2.72	2.75	2.84	3.28	3.00
Price to Earnings (P/E)	8.59	8.83	7.98	7.59	6.85	7.85	7.11	7.23	7.46	9.22	8.63
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.64%	11.32%	12.54%	13.18%	14.59%	12.74%	14.07%	13.82%	13.41%	10.85%	11.59%
Enterprise Value to Invested Capital (EV/IC)	0.54	0.48	0.24	0.34	0.29	0.77	0.53	0.60	0.49	0.64	0.66
Enterprise Value to Revenue (EV/Rev)	2.12	1.68	0.76	1.11	0.91	2.20	1.47	1.57	1.26	1.79	1.86
Enterprise Value to EBITDA (EV/EBITDA)	4.41	3.46	1.57	2.22	1.76	4.06	2.79	3.08	2.59	4.08	4.34
Enterprise Value to EBIT (EV/EBIT)	4.74	3.67	1.65	2.33	1.83	4.13	2.72	2.93	2.35	3.57	3.80
Enterprise Value to NOPAT (EV/NOPAT)	6.70	5.21	2.36	3.28	2.58	5.84	3.83	4.14	3.31	5.03	5.36
Enterprise Value to Operating Cash Flow (EV/OCF)	3.84	2.90	2.46	5.12	5.33	13.60	4.88	6.09	4.65	5.64	6.66
Enterprise Value to Free Cash Flow (EV/FCFF)	3.97	0.00	0.00	1.92	2.79	14.08	16.91	5.43	6.88	26.96	27.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.57	0.51	0.55	0.50	0.46	0.42	0.35	0.34	0.34	0.33
Long-Term Debt to Equity	0.44	0.33	0.29	0.32	0.33	0.28	0.25	0.21	0.21	0.22	0.21
Financial Leverage	0.84	0.57	0.51	0.73	0.61	0.51	0.46	0.44	0.41	0.40	0.37
Leverage Ratio	10.49	10.48	10.73	10.60	10.67	10.44	10.50	10.27	10.13	9.85	9.71
Compound Leverage Factor	10.49	10.48	10.73	10.60	10.67	10.44	10.50	10.27	10.13	9.85	9.71
Debt to Total Capital	42.28%	36.13%	33.88%	35.54%	33.51%	31.50%	29.69%	25.67%	25.31%	25.51%	24.89%
Short-Term Debt to Total Capital	16.99%	15.04%	14.56%	14.98%	11.50%	12.16%	12.40%	9.77%	9.81%	9.14%	9.07%
Long-Term Debt to Total Capital	25.29%	21.09%	19.32%	20.56%	22.01%	19.34%	17.29%	15.90%	15.50%	16.36%	15.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.72%	63.87%	66.12%	64.46%	66.49%	68.50%	70.31%	74.33%	74.69%	74.49%	75.11%
Debt to EBITDA	3.44	2.58	2.27	2.33	2.05	1.66	1.56	1.31	1.33	1.62	1.64
Net Debt to EBITDA	-1.25	-2.41	-3.74	-2.92	-2.92	-1.40	-2.39	-2.31	-3.25	-3.39	-2.65
Long-Term Debt to EBITDA	2.06	1.51	1.29	1.35	1.35	1.02	0.91	0.81	0.82	1.04	1.04
Debt to NOPAT	5.21	3.89	3.40	3.44	3.01	2.38	2.14	1.76	1.70	2.00	2.02
Net Debt to NOPAT	-1.89	-3.63	-5.61	-4.31	-4.28	-2.01	-3.28	-3.10	-4.15	-4.18	-3.27
Long-Term Debt to NOPAT	3.12	2.27	1.94	1.99	1.97	1.46	1.25	1.09	1.04	1.28	1.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	223	-2,717	-2,709	305	57	-83	-224	-2.46	-136	-247	-238
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	5.15	-34.10	-25.00	2.14	0.37	-0.50	-1.23	-0.01	-0.71	-1.40	-1.51
Operating Cash Flow to Interest Expense	1.64	1.33	-0.53	0.54	0.22	0.71	0.63	0.23	0.37	0.92	0.47
Operating Cash Flow Less CapEx to Interest Expense	1.64	1.33	-0.53	0.54	0.22	0.71	0.63	0.23	0.37	0.92	0.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.05	0.05
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,947	2,799	2,789	2,974	2,972	3,034	3,124	3,082	3,221	3,386	3,467
Invested Capital Turnover	0.25	0.58	0.62	0.29	0.32	0.37	0.38	0.39	0.41	0.38	0.37
Increase / (Decrease) in Invested Capital	-165	2,799	2,789	-218	26	235	335	107	249	352	343
Enterprise Value (EV)	1,601	1,352	656	1,006	853	2,344	1,656	1,861	1,589	2,178	2,289
Market Capitalization	2,053	2,293	2,215	2,331	2,271	3,152	3,075	3,256	3,578	3,988	3,684
Book Value per Share	$28.36	$29.79	$30.73	$32.43	$32.95	$36.00	$38.60	$40.21	$42.28	$44.17	$45.60
Tangible Book Value per Share	$25.69	$27.17	$28.15	$29.86	$30.45	$33.46	$36.06	$37.72	$39.84	$41.76	$43.22
Total Capital	2,947	2,799	2,789	2,974	2,972	3,034	3,124	3,082	3,221	3,386	3,467
Total Debt	1,246	1,011	945	1,057	996	955	927	791	815	864	863
Total Long-Term Debt	745	590	539	612	654	587	540	490	499	554	549
Net Debt	-452	-941	-1,559	-1,325	-1,418	-808	-1,419	-1,395	-1,988	-1,810	-1,395
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,246	1,011	945	1,057	996	955	927	791	815	864	863
Total Depreciation and Amortization (D&A)	6.80	5.78	4.52	4.67	2.78	-2.42	-19	-13	-30	-14	-18
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.98	$1.36	$1.33	$1.48	$1.40	$2.65	$1.94	$1.83	$1.97	$1.83	$1.84
Adjusted Weighted Average Basic Shares Outstanding	60.00M	60.00M	59.11M	59.98M	57.73M	56.90M	56.97M	56.89M	57.09M	57.10M	56.37M
Adjusted Diluted Earnings per Share	$0.97	$1.35	$1.32	$1.43	$1.38	$2.62	$1.91	$1.75	$1.93	$1.80	$1.81
Adjusted Weighted Average Diluted Shares Outstanding	60.00M	60.00M	59.11M	59.98M	57.73M	56.90M	56.97M	56.89M	57.09M	57.10M	56.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.00M	60.00M	59.11M	59.98M	57.73M	56.90M	56.97M	56.89M	57.09M	57.10M	56.37M
Normalized Net Operating Profit after Tax (NOPAT)	58	82	80	87	83	152	111	105	112	105	105
Normalized NOPAT Margin	28.12%	35.73%	34.53%	36.94%	33.64%	43.03%	37.56%	36.05%	35.03%	34.00%	34.07%
Pre Tax Income Margin	39.89%	51.35%	49.60%	49.48%	48.10%	61.63%	52.77%	49.63%	49.65%	48.82%	47.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.91	1.47	1.06	0.82	0.77	1.31	0.85	0.75	0.83	0.85	0.94
NOPAT to Interest Expense	1.35	1.02	0.74	0.61	0.54	0.91	0.61	0.54	0.58	0.59	0.67
EBIT Less CapEx to Interest Expense	1.91	1.47	1.06	0.82	0.77	1.31	0.85	0.75	0.83	0.85	0.94
NOPAT Less CapEx to Interest Expense	1.35	1.02	0.74	0.61	0.54	0.91	0.61	0.54	0.58	0.59	0.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	11.38%	15.94%	20.35%	32.75%	23.25%	21.40%	16.22%	3.17%	9.13%

Key Financial Trends

Axos Financial (NYSE: AX) has demonstrated generally stable financial performance across the past four years, with a few key trends emerging from the analysis of the latest quarterly results along with historical data.

Revenue and Profitability:

Net interest income shows consistent growth over recent quarters, with Q3 2025 recording $275.5 million compared to $198.98 million in Q3 2023.
Total revenue remains stable and robust, positioned around $308 million in Q3 2025, up from roughly $231 million in the same quarter of 2023.
Net income attributable to common shareholders has steadily increased, reaching approximately $105.2 million in Q3 2025, compared to $79.85 million in Q3 2023.
Basic and diluted earnings per share show a gradual increase over time, from $1.32/$1.32 in Q3 2023 to approximately $1.84/$1.81 in Q3 2025, indicating modest earnings growth per share despite share count fluctuations.

Expense Management:

Total non-interest expenses have increased slightly, with salaries, occupancy, marketing, and other operating expenses rising to $146.3 million in Q3 2025 from approximately $111 million in Q3 2023.
Provision for credit losses remains elevated at $14.5 million in Q3 2025 compared to $5.5 million in Q3 2023, suggesting cautious credit risk management likely due to economic conditions.

Balance Sheet Highlights:

Total assets have grown steadily to about $23.98 billion by Q3 2025, up from approximately $19.78 billion in Q3 2023, reflecting growth in banking operations and investment holdings.
Deposits have increased, with interest-bearing deposits reaching $17.17 billion in Q3 2025 versus $13.57 billion in Q3 2023, indicating strong customer funding sources.
Loans held for sale have fluctuated around $8 million to $25 million, remaining a small portion of total assets.
Long-term debt increased from about $539 million in Q3 2023 to $548.5 million in Q3 2025, which could amplify interest expense if not managed effectively.
Total common equity increased to $2.6 billion in Q3 2025 from $1.84 billion in Q3 2023, strengthening the company’s capital base.

Cash Flow Trends:

Net cash from operating activities remains positive, recording $73.7 million in Q3 2025 and previously higher in earlier quarters, indicating ongoing operational cash generation.
Significant cash outflows in investing activities are noted, mostly due to purchase of investment securities exceeding sales, resulting in net investing cash outflows of approximately $677.5 million in Q3 2025.
Financing activities showed a net positive inflow in Q3 2025 of $188 million, driven largely by deposit inflows and issuance of debt balancing repurchases and repayments.
A steep net decrease in cash and equivalents of $415.7 million in Q3 2025 calls for monitoring, especially against ongoing investing cash outflows.

Summary:

Overall, Axos Financial has shown strong top-line and net income growth supported by expanding interest income and deposits. The company maintains sound capital levels with rising equity, which buffer its expanding asset base. Rising expenses and elevated provisions for credit losses suggest increased investments into operations and a cautious approach to credit risk. However, considerable investing outflows and fluctuations in cash balances indicate the need for careful liquidity management going forward. Retail investors should watch for how Axos manages expense growth and asset quality alongside sustaining its profitable growth trajectory.

09/12/25 12:17 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Axos Financial's Financials

When does Axos Financial's fiscal year end?

According to the most recent income statement we have on file, Axos Financial's financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has Axos Financial's net income changed over the last 9 years?

Axos Financial's net income appears to be on an upward trend, with a most recent value of $450.01 million in 2024, rising from $82.68 million in 2015. The previous period was $307.17 million in 2023. View Axos Financial's forecast to see where analysts expect Axos Financial to go next.

How has Axos Financial's revenue changed over the last 9 years?

Over the last 9 years, Axos Financial's total revenue changed from $229.54 million in 2015 to $1.18 billion in 2024, a change of 415.9%.

How much debt does Axos Financial have?

Axos Financial's total liabilities were at $20.56 billion at the end of 2024, a 11.6% increase from 2023, and a 288.7% increase since 2015.

How much cash does Axos Financial have?

In the past 9 years, Axos Financial's cash and equivalents has ranged from $222.77 million in 2015 to $2.23 billion in 2023, and is currently $1.98 billion as of their latest financial filing in 2024.

How has Axos Financial's book value per share changed over the last 9 years?

Over the last 9 years, Axos Financial's book value per share changed from 34.42 in 2015 to 40.21 in 2024, a change of 16.8%.

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This page (NYSE:AX) was last updated on 9/12/2025 by MarketBeat.com Staff

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Axos Financial (AX) Financials

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Axos Financial (AX) Financials

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